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Analysts Take Stock-Price Targets
Down From a Walk on the Moon

By

Robert O'BrienDow Jones Newswires

Updated Feb. 20, 2001 12:01 a.m. ET

What goes up must come down. On Wall Street these days, that doesn't just mean stock prices. "Price targets" for a stock, viewed with contempt by some investment analysts, are finally bowing to the new reality of market conditions, particularly in high technology.

On Friday, for example, Credit Suisse Group 's Credit Suisse First Boston securities firm cut its price target on Nortel Networks Corp. to $40 a share from the previous $80, to reflect the telecommunications-equipment maker's deteriorating profit outlook....